If Macaroni and Cheese Is an Inferior Good, Then a Decrease

question 54

Multiple Choice

If macaroni and cheese is an inferior good, then a decrease in income results in

• A) a decrease in the demand for macaroni and cheese.
• B) a decrease in the supply of macaroni and cheese.
• C) an increase in the demand for macaroni and cheese.
• D) an increase in the supply of macaroni and cheese.
• E) Both answers A and D are correct.

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Definitions:

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A form of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment.

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